MINNEAPOLIS - Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that's opposed by environmentalists who fear it could someday foul waters, including Lake Superior.The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company's proposed NorthMet project in northeastern Minnesota. The project still needs permits f...Read More
CALGARY - Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.Suncor attributes the increase to higher crude oil prices a...Read More
CALGARY - Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock.Encana will also assume US$2.2 billion of Newfield debt."This strategic combination advances our strategy and is immediately accre...Read More
We all knew it was going to happen.Well, at least those of us who paid attention.The huge run on Canadian cannabis stocks did, in fact, come to an end just as legalization kicked in.Of course, it didn't take a rocket scientist to figure this one out.You know the drill...Buy the rumor, sell the news.And that's exactly what we did.The result?Members of my Green Chip Stocks community just bagged the...Read More
Premier Gold Mines Limited (TSX:PG) is a gold producer, with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. The goal is to evolve into a low-cost, mid-tier gold producer, through its two producing mines and the development of its Hardrock Project in Ontario (Greenstone Gold JV) and McCoy-Cove Property...Read More
CloseGain/LossGold $1233.20+$16.30Silver$14.74+$0.46XAU67.19+4.52%HUI149.73+4.84%GDM544.52+3.60%JSE Gold1139.52-24.28USD96.27-0.74Euro114.11+0.86Yen88.87+0.25Oil$63.69-$1.6210-Year3.139%-0.008T-Bond138.50+0.375Dow25380.74+1.06%Nasdaq7434.06+1.75%S&P2740.37+1.06% The Metals: Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New Yor...Read More
By Ira EpsteinChina and the US talk which caused gold to rally.https://www.iraepstein.com/ Read More
By Dave KranzlerOne of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes...Read More
By Frank HolmesAs the stock market bull potentially nears the end of its run and we head into the last two months of 2018, many investors are making adjustments to their portfolios. Over the course of my travels and in conversations with other industry experts, I'm constantly reminded the importance of: 1) understanding the difference between investing and speculating, and 2) understanding ris...Read More
Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I'd flagged. The futures have since made a tentative bottom 0.60 above the $1212.80 correction target where I'd suggested bottom-fishing. We narrowly missed catching the $5.40 rally that ensued, but will it ge...Read More
In our latest video update, we consider the performance of markets in a volatile October. Stock markets globally fell sharply while gold acted as a hedge in all currencies, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms.Stocks Fall Sharply in OctoberThe S&P 500 is just short of a 10% decline from its record September high and remains on pace for the worst month since 2009....Read More
As gold and silver are consolidating, the mining sector is going into an interesting change. Young people are coming into the mining sector and new technologies are being brought in. Neumeyer does not believe central banks can afford to take rates much higher. Over the next couple years, he expects the Fed to cut rates which will be bullish for gold. The gold/silver price ratio is about 85/1. Neum...Read More
@Target Why is this WHITE boy pictured wearing a BLACK PANTHER costume on your website? This is BLACK ERASURE! POC finally have a super hero of their own, and you disrespect them by using a white person to promote the costume? SHAMEFUL! BOYCOTT!Continue...Read More
Last week, while on the campaign trail stumping for Republicans prior to the midterm elections on Nov 6, Trump touted a new tax cut plan for the middle class to the tune of 10 percent.Continue...Read More
New, economically viable deposits of lithium, nickel, cobalt and other metals required for lithium-ion batteries have never been so greatly in demand, notes Kris Kottmeier of The Venture Letter. He profiles one company that he believes is poised to benefit from this demand. Marifil Mines Ltd. (MFM:TSX.V; MFMLF:OTCQB) caught our eye and made us sit up to pay close attention. The company is listed...Read More
This Canadian company's most recent findings demonstrate the potential of its Mexico project. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) just announced high-grade silver-lead-zinc-gold mineralization from sampling of a re-opened historical tunnel at San Marcial. Results include 13 meters at 1,048 grams per ton silver equivalent (Ag eq).Marcio Fonseca, Goldplay's president and CEO noted,...Read More
The owner of this gold asset provided the details of the revised study. Leagold Santa LuzThe update to Leagold Mining Corp.'s (LMC:TSX.V; LMCNF:OTCQX) feasibility study on its Santa Luz project in Brazil showed strong economics. "With a high internal rate of return (IRR) and low costs, Santa Luz is a very attractive project," said CEO Neil Woodyer.In the study, conducted by RPA Inc., Proven and P...Read More
Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!Continue...Read More